Fiducient Advisors LLC Makes New $480,000 Investment in Alerian MLP ETF (NYSEARCA:AMLP)

Fiducient Advisors LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,013 shares of the exchange traded fund’s stock, valued at approximately $480,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AMLP. Wells Fargo & Company MN lifted its holdings in Alerian MLP ETF by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 4,946,698 shares of the exchange traded fund’s stock worth $210,334,000 after acquiring an additional 619,287 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Alerian MLP ETF by 58.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,912,850 shares of the exchange traded fund’s stock valued at $90,784,000 after purchasing an additional 703,620 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Alerian MLP ETF by 6.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,415,927 shares of the exchange traded fund’s stock valued at $60,205,000 after purchasing an additional 87,714 shares during the period. TIAA Trust National Association grew its position in shares of Alerian MLP ETF by 1.1% in the 1st quarter. TIAA Trust National Association now owns 980,836 shares of the exchange traded fund’s stock valued at $46,550,000 after purchasing an additional 10,517 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Alerian MLP ETF by 7.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 970,811 shares of the exchange traded fund’s stock worth $46,580,000 after purchasing an additional 69,671 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $46.30 on Friday. The firm has a market cap of $8.33 billion, a P/E ratio of 13.08 and a beta of 0.48. Alerian MLP ETF has a twelve month low of $40.03 and a twelve month high of $49.44. The firm’s 50 day moving average price is $47.38 and its two-hundred day moving average price is $46.91.

Alerian MLP ETF Company Profile

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.